SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Information

SEGMENT AND GEOGRAPHICAL INFORMATION

The Company has aggregated its operating units into reportable segments based on its three customer markets: agricultural, earthmoving/construction and consumer.  These segments are based on the information used by the chief executive officer to make certain operating decisions, allocate portions of capital expenditures and assess segment performance.  The accounting policies of the segments are the same as those described in Note 1, “Description of Business and Significant Accounting Policies.”  Segment external revenues, expenses and income from operations are determined on the basis of the results of operations of operating units of manufacturing facilities.  Segment assets are generally determined on the basis of the tangible assets located at such operating units’ manufacturing facilities and the intangible assets associated with the acquisitions of such operating units.  However, certain operating units’ goodwill and property, plant and equipment balances are carried at the corporate level.

Titan is organized primarily on the basis of products being included in three marketing segments, with each reportable segment including wheels, tires, wheel/tire assemblies and undercarriage systems and components.

The table below presents information about certain revenues and expenses, income (loss) from operations and segment assets used by the chief operating decision maker of the Company as of and for the years ended December 31, 2012, 2011 and 2010 (amounts in thousands):

	2012			2011			2010
Revenues from external customers
Agricultural	$	1,080,412		$	960,693		$	675,178
Earthmoving/construction	501,617			306,821			191,042
Consumer	238,649			219,484			15,371
	$	1,820,678		$	1,486,998		$	881,591
Gross profit
Agricultural	$	206,376		$	177,055		$	108,102
Earthmoving/construction	74,348			39,328			(3,400		)
Consumer	16,366			18,900			2,867
Unallocated corporate	(2,951		)	(3,175		)	(3,479		)
	$	294,139		$	232,108		$	104,090
Income from operations
Agricultural	$	178,587		$	158,295		$	91,953
Earthmoving/construction	47,310			32,781			(11,296		)
Consumer	32,243			11,104			2,542
Unallocated corporate	(83,432		)	(70,007		)	(52,254		)
Consolidated income from operations	174,708			132,173			30,945
Interest expense	(27,658		)	(25,259		)	(26,667		)
Noncash convertible debt conversion charge	—			(16,135		)	—
Loss on senior note repurchase	—			—			(14,573		)
Gain on Titan Europe prior ownership	26,700			—			—
Other income, net	6,823			5,116			1,105
Income (loss) before income taxes	$	180,573		$	95,895		$	(9,190	)
Capital expenditures
Agricultural	$	26,886		$	12,789		$	16,017
Earthmoving/construction	26,508			7,169			5,628
Consumer	4,100			1,465			478
Unallocated corporate	8,246			15,683			6,731
	$	65,740		$	37,106		$	28,854
Depreciation & amortization
Agricultural	$	20,435		$	18,296		$	18,899
Earthmoving/construction	24,192			17,366			14,375
Consumer	5,855			5,450			458
Unallocated corporate	3,613			3,796			3,835
	$	54,095		$	44,908		$	37,567
Total assets
Agricultural	$	626,454		$	444,611		$	304,048
Earthmoving/construction	838,806			193,566			171,410
Consumer	142,170			139,161			5,863
Unallocated corporate (a)	85,677			232,948			299,559
	$	1,693,107		$	1,010,286		$	780,880

(a)  Unallocated assets include cash of approximately $103 million, $129 million, and $240 million at year-end 2012, 2011 and 2010, respectively.

The table below presents information by geographic area.  Revenues from external customers were determined based on the location of the selling subsidiary.  Geographic information as of and for the years ended December 31, 2012, 2011 and 2010 was as follows (amounts in thousands):

2012	United States		Other Countries		Consolidated Totals
Revenues from external customers	$	1,356,264	$	464,414	$	1,820,678
Long-lived assets	262,064		331,221		593,285
2011
Revenues from external customers	$	1,210,531	$	276,467	$	1,486,998
Long-lived assets	248,835		105,748		354,583
2010
Revenues from external customers	$	881,591	$	—	$	881,591
Long-lived assets	248,054		—		248,054